Global EditionASIA 中文双语Français
Home / Business / Technology

China launches first blockchain e-seal application platform

Xinhua | Updated: 2020-07-21 09:44
Visitors learn about the future applications of the combination of 5G and blockchain technology at an industrial expo in Hangzhou, Zhejiang province. [Photo by Long Wei/For China Daily]

HANGZHOU - China has launched its first e-seal application platform based on blockchain technology, with the aim of boosting security and convenience for enterprises, the result of a collaborative effort based in the eastern Chinese city of Hangzhou.

With the rapid growth in online government services and e-commerce across China, there is greater demand for e-seals to secure and authenticate documents and transactions.

However, thus far, there has been little standardization, with enterprises and organizations often using several different e-seals, authorized by different organizations with various standards. In addition, the use of such e-seals is not traceable.

Such problems are solved by the launch of the new e-seal application platform, which has been developed jointly by Hangzhou's data resource administration, market supervision bureau and public security bureau, in cooperation with the BaaS (Blockchain as a Service) of Ant Financial.

The platform will match e-seals with physical seals in a one-to-one correspondence. Each enterprise will have one and only need to have one e-seal.

The use of blockchain technology, meanwhile, ensures that the entire e-seal process is traceable, with all data stored safely, and the use of every e-seal authenticated and monitored by multiple parties.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349